Offshore Wind Farm Project Faces Collapse After Subsidy U-Turn

Date: 12/05/16

Mure Dickie and Pilita Clark, Financial Times

A planned £2bn wind farm off the coast of Scotland is in doubt after the cancellation of a subsidy deal. The decision, which follows a delay in the project while a judge considers its impact on bird life, is expected to have a chilling effect on the offshore wind industry in the UK.

Unless reversed, the decision to terminate its “contract for difference” subsidy is likely to doom the 448MW Neart na Gaoithe project off the Forth estuary, undermining efforts to meet UK and Scottish carbon emissions targets.